CONDENSED CONSOLIDATED FINANCIAL INFORMATION | CONDENSED CONSOLIDATING FINANCIAL INFORMATION On January 22, 2019, Enbridge entered into supplemental indentures with its wholly-owned subsidiaries, the Partnerships, pursuant to which Enbridge fully and unconditionally guaranteed, on a senior unsecured basis, the payment obligations of the Partnerships with respect to the outstanding series of notes issued under the respective indentures of the Partnerships. Concurrently, the Partnerships entered into a subsidiary guarantee agreement pursuant to which they fully and unconditionally guaranteed, on a senior unsecured basis, the outstanding series of senior notes of Enbridge. As a result of the guarantees, holders of any of the outstanding guaranteed notes of the Partnerships are in the same position with respect to the net assets, income and cash flows of Enbridge as holders of Enbridge's outstanding guaranteed notes, and vice versa. Other than the Partnerships, Enbridge subsidiaries (including the subsidiaries of the Partnerships, collectively, the Subsidiary Non-Guarantors), are not parties to the subsidiary guarantee agreement and have not otherwise guaranteed any of Enbridge's outstanding series of senior notes. Consenting SEP notes and EEP notes under Guarantee SEP Notes 1 EEP Notes 2 Floating Rate Senior Notes due 2020 4.200% Notes due 2021 4.600% Senior Notes due 2021 5.875% Notes due 2025 4.750% Senior Notes due 2024 5.950% Notes due 2033 3.500% Senior Notes due 2025 6.300% Notes due 2034 3.375% Senior Notes due 2026 7.500% Notes due 2038 5.950% Senior Notes due 2043 5.500% Notes due 2040 4.500% Senior Notes due 2045 7.375% Notes due 2045 1 As at December 31, 2019 , the aggregate outstanding principal amount of SEP notes was approximately US $3.9 billion . 2 As at December 31, 2019 , the aggregate outstanding principal amount of EEP notes was approximately US $3.0 billion . Enbridge Notes under Guarantees USD Denominated 1 CAD Denominated 2 Senior Floating Rate Notes due 2020 4.530% Senior Notes due 2020 Senior Floating Rate Notes due 2020 4.850% Senior Notes due 2020 2.900% Senior Notes due 2022 4.260% Senior Notes due 2021 4.000% Senior Notes due 2023 3.160% Senior Notes due 2021 3.500% Senior Notes due 2024 4.850% Senior Notes due 2022 2.500% Senior Notes due 2025 3.190% Senior Notes due 2022 4.250% Senior Notes due 2026 3.940% Senior Notes due 2023 3.700% Senior Notes due 2027 3.940% Senior Notes due 2023 3.125% Senior Notes due 2029 3.950% Senior Notes due 2024 4.500% Senior Notes due 2044 3.200% Senior Notes due 2027 5.500% Senior Notes due 2046 6.100% Senior Notes due 2028 4.000% Senior Notes due 2049 2.990% Senior Notes due 2029 7.220% Senior Notes due 2030 7.200% Senior Notes due 2032 5.570% Senior Notes due 2035 5.750% Senior Notes due 2039 5.120% Senior Notes due 2040 4.240% Senior Notes due 2042 4.570% Senior Notes due 2044 4.870% Senior Notes due 2044 4.560% Senior Notes due 2064 1 As at December 31, 2019 , the aggregate outstanding principal amount of the Enbridge United States dollar denominated notes was approximately US $7.9 billion . 2 As at December 31, 2019 , the aggregate outstanding principal amount of the Enbridge Canadian dollar denominated notes was approximately $7.6 billion . In accordance with Rule 3-10 of the United States Securities and Exchange Commission's Regulation S-X, which provides an exemption from the reporting requirements of the Securities Exchange Act of 1934 for subsidiary issuers of guaranteed securities and subsidiary guarantors, in lieu of filing separate financial statements for each of the Partnerships, we have included the accompanying condensed consolidating financial information with separate columns representing the following: 1. Enbridge Inc., the Parent Issuer and Guarantor; 2. SEP, a Subsidiary Issuer and Guarantor; 3. EEP, a Subsidiary Issuer and Guarantor; 4. Subsidiary Non-Guarantors, as defined herein; 5. Consolidating and elimination entries required to consolidate the Parent Issuer and Guarantor and its subsidiaries, including the Subsidiary Issuers and Guarantors, and 6. Enbridge Inc. and subsidiaries on a consolidated basis. For the purposes of the condensed consolidating financial information only, investments in subsidiaries are accounted for under the equity method. In addition, the Condensed Consolidating Statements of Cash Flows present the intercompany loan and distribution activity, as well as cash collection and payments made on behalf of our subsidiaries, as cash activities. These intercompany investments and related activities eliminate on consolidation and are presented separately only for the purpose of the accompanying Condensed Consolidating Statements. Condensed Consolidating Statements of Earnings and Comprehensive Income for the year ended December 31, 2019 Parent Issuer and Guarantor Subsidiary Issuer and Guarantor - SEP Subsidiary Issuer and Guarantor - EEP Subsidiary Non-Guarantors Consolidating and elimination adjustments Consolidated - Enbridge (millions of Canadian dollars) Operating revenues Commodity sales — — — 29,309 — 29,309 Gas distribution sales — — — 4,205 — 4,205 Transportation and other services — — — 16,555 — 16,555 Total operating revenues — — — 50,069 — 50,069 Operating Expenses Commodity costs — — — 28,802 — 28,802 Gas distribution costs — — — 2,202 — 2,202 Operating and administrative 128 5 (16 ) 6,874 — 6,991 Depreciation and amortization 67 — — 3,324 — 3,391 Impairment of long-lived assets — — — 423 — 423 Impairment of goodwill — — — — — — Total operating expenses 195 5 (16 ) 41,625 — 41,809 Operating income/(loss) (195 ) (5 ) 16 8,444 — 8,260 Income from equity investments 70 133 — 1,366 (66 ) 1,503 Equity earnings from consolidated subsidiaries 3,881 1,189 1,043 1,696 (7,809 ) — Other — — — — — — Net foreign currency gain/(loss) 1,671 — — (106 ) (1,088 ) 477 Gain/(loss) on dispositions (7 ) — — (293 ) — (300 ) Other, including other income from affiliates 1,944 2 189 573 (2,450 ) 258 Interest expense (1,268 ) (330 ) (591 ) (2,966 ) 2,492 (2,663 ) Earnings before income taxes 6,096 989 657 8,714 (8,921 ) 7,535 Income tax (expense)/recovery (391 ) 44 6 (1,985 ) 618 (1,708 ) Earnings 5,705 1,033 663 6,729 (8,303 ) 5,827 Earnings attributable to noncontrolling interests and redeemable noncontrolling interests — — — — (122 ) (122 ) Earnings attributable to controlling interests 5,705 1,033 663 6,729 (8,425 ) 5,705 Preference share dividends (383 ) — — — — (383 ) Earnings attributable to common shareholders 5,322 1,033 663 6,729 (8,425 ) 5,322 Earnings 5,705 1,033 663 6,729 (8,303 ) 5,827 Total other comprehensive income/(loss) (2,992 ) (67 ) 51 (929 ) 830 (3,107 ) Comprehensive income 2,713 966 714 5,800 (7,473 ) 2,720 Comprehensive income attributable to noncontrolling interests — — — — (7 ) (7 ) Comprehensive income attributable to controlling interests 2,713 966 714 5,800 (7,480 ) 2,713 Condensed Consolidating Statements of Earnings and Comprehensive Income for the year ended December 31, 2018 Parent Issuer and Guarantor Subsidiary Issuer and Guarantor - SEP Subsidiary Issuer and Guarantor - EEP Subsidiary Non-Guarantors Consolidating and elimination adjustments Consolidated - Enbridge (millions of Canadian dollars) Operating revenues Commodity sales — — — 27,660 — 27,660 Gas distribution sales — — — 4,360 — 4,360 Transportation and other services — — — 14,358 — 14,358 Total operating revenues — — — 46,378 — 46,378 Operating Expenses Commodity costs — — — 26,818 — 26,818 Gas distribution costs — — — 2,583 — 2,583 Operating and administrative 180 14 54 6,622 (78 ) 6,792 Depreciation and amortization 59 — — 3,187 — 3,246 Impairment of long-lived assets — — — 1,104 — 1,104 Impairment of goodwill — — — 1,019 — 1,019 Total operating expenses 239 14 54 41,333 (78 ) 41,562 Operating income/(loss) (239 ) (14 ) (54 ) 5,045 78 4,816 Income from equity investments 302 142 — 1,360 (295 ) 1,509 Equity earnings/(loss) from consolidated subsidiaries 3,119 (1,634 ) 921 (1,581 ) (825 ) — Other Net foreign currency gain/(loss) (829 ) 8 — 80 219 (522 ) Gain/(loss) on dispositions 360 — — (406 ) — (46 ) Other, including other income/(expense) from affiliates 945 72 153 254 (908 ) 516 Interest expense (1,080 ) (302 ) (557 ) (1,689 ) 925 (2,703 ) Earnings/(loss) before income taxes 2,578 (1,728 ) 463 3,063 (806 ) 3,570 Income tax recovery/(expense) 304 (319 ) 3 (4,373 ) 4,148 (237 ) Earnings/(loss) 2,882 (2,047 ) 466 (1,310 ) 3,342 3,333 Earnings attributable to noncontrolling interests and redeemable noncontrolling interests — — — — (451 ) (451 ) Earnings/(loss) attributable to controlling interests 2,882 (2,047 ) 466 (1,310 ) 2,891 2,882 Preference share dividends (367 ) — — — — (367 ) Earnings/(loss) attributable to common shareholders 2,515 (2,047 ) 466 (1,310 ) 2,891 2,515 Earnings/(loss) 2,882 (2,047 ) 466 (1,310 ) 3,342 3,333 Total other comprehensive income/(loss) 3,788 (9 ) 28 556 (225 ) 4,138 Comprehensive income/(loss) 6,670 (2,056 ) 494 (754 ) 3,117 7,471 Comprehensive income attributable to noncontrolling interests — — — — (801 ) (801 ) Comprehensive income/(loss) attributable to controlling interests 6,670 (2,056 ) 494 (754 ) 2,316 6,670 Condensed Consolidating Statements of Earnings and Comprehensive Income for the year ended December 31, 2017 Parent Issuer and Guarantor Subsidiary Issuer and Guarantor - SEP Subsidiary Issuer and Guarantor - EEP Subsidiary Non-Guarantors Consolidating and elimination adjustments Consolidated - Enbridge (millions of Canadian dollars) Operating revenues Commodity sales — — — 26,286 — 26,286 Gas distribution sales — — — 4,215 — 4,215 Transportation and other services — — — 13,877 — 13,877 Total operating revenues — — — 44,378 — 44,378 Operating expenses Commodity costs — — — 26,065 — 26,065 Gas distribution costs — — — 2,572 — 2,572 Operating and administrative 169 146 16 6,111 — 6,442 Depreciation and amortization 56 — — 3,107 — 3,163 Impairment of long lived assets — — — 4,463 — 4,463 Impairment of goodwill — — — 102 — 102 Total operating expenses 225 146 16 42,420 — 42,807 Operating income/(loss) (225 ) (146 ) (16 ) 1,958 — 1,571 Income from equity investments 471 118 — 981 (468 ) 1,102 Equity earnings from consolidated subsidiaries 2,130 752 926 881 (4,689 ) — Other Net foreign currency gain/(loss) 500 — — (22 ) (241 ) 237 Gain/(loss) on dispositions (11 ) — — 27 — 16 Other, including other income/(expense) from affiliates 871 11 139 74 (896 ) 199 Interest expense (816 ) (221 ) (691 ) (1,753 ) 925 (2,556 ) Earnings before income taxes 2,920 514 358 2,146 (5,369 ) 569 Income tax (expense)/recovery (61 ) — 9 2,706 43 2,697 Earnings 2,859 514 367 4,852 (5,326 ) 3,266 Earnings attributable to noncontrolling interests and redeemable noncontrolling interests — — — — (407 ) (407 ) Earnings attributable to controlling interests 2,859 514 367 4,852 (5,733 ) 2,859 Preference share dividends (330 ) — — — — (330 ) Earnings attributable to common shareholders 2,529 514 367 4,852 (5,733 ) 2,529 Earnings 2,859 514 367 4,852 (5,326 ) 3,266 Total other comprehensive income/(loss) (2,031 ) 12 204 (412 ) (51 ) (2,278 ) Comprehensive income 828 526 571 4,440 (5,377 ) 988 Comprehensive income attributable to noncontrolling interests — — — — (160 ) (160 ) Comprehensive income attributable to controlling interests 828 526 571 4,440 (5,537 ) 828 Condensed Consolidating Statements of Financial Position as at December 31, 2019 Parent Issuer and Guarantor Subsidiary Issuer and Guarantor - SEP Subsidiary Issuer and Guarantor - EEP Subsidiary Non-Guarantors Consolidating and elimination adjustments Consolidated - Enbridge (millions of Canadian dollars) Assets Current assets Cash and cash equivalents — 33 4 611 — 648 Restricted cash 9 — — 19 — 28 Accounts receivable and other 429 8 4 6,340 — 6,781 Accounts receivable from affiliates 746 — 12 (164 ) (525 ) 69 Short-term loans receivable from affiliates 1,691 — 3,961 4,417 (10,069 ) — Inventory — — — 1,299 — 1,299 2,875 41 3,981 12,522 (10,594 ) 8,825 Property, plant and equipment, net 248 — — 93,475 — 93,723 Long-term loans receivable from affiliates 47,285 73 2,387 35,672 (85,417 ) — Investments in subsidiaries 80,456 18,956 5,180 14,782 (119,374 ) — Long-term investments 1,701 932 — 14,467 (572 ) 16,528 Restricted long-term investments — — — 434 — 434 Deferred amounts and other assets 998 1 1 7,282 (849 ) 7,433 Intangible assets, net 247 — — 1,926 — 2,173 Goodwill — — — 33,153 — 33,153 Deferred income taxes 486 — — 514 — 1,000 Total assets 134,296 20,003 11,549 214,227 (216,806 ) 163,269 Liabilities and equity Current liabilities Short-term borrowings — — — 898 — 898 Accounts payable and other 2,765 28 1 7,745 (476 ) 10,063 Accounts payable to affiliates 736 367 83 (640 ) (525 ) 21 Interest payable 279 52 51 242 — 624 Short-term loans payable to affiliates 367 2,058 1,991 5,653 (10,069 ) — Current portion of long-term debt 2,160 518 — 1,726 — 4,404 6,307 3,023 2,126 15,624 (11,070 ) 16,010 Long-term debt 27,290 4,435 3,789 24,147 — 59,661 Other long-term liabilities 1,295 2 12 7,864 (849 ) 8,324 Long-term loans payable to affiliates 33,686 — 3,112 48,619 (85,417 ) — Deferred income taxes — 271 — 13,887 (4,291 ) 9,867 68,578 7,731 9,039 110,141 (101,627 ) 93,862 Equity Controlling interests 1 65,718 12,272 2,510 104,086 (118,543 ) 66,043 Noncontrolling interests — — — — 3,364 3,364 65,718 12,272 2,510 104,086 (115,179 ) 69,407 Total liabilities and equity 134,296 20,003 11,549 214,227 (216,806 ) 163,269 1 Equity attributable to controlling interests for parent issuer and guarantor excludes reciprocal shareholding balance included within consolidating and elimination adjustments. Condensed Consolidating Statements of Financial Position as at December 31, 2018 Parent Issuer and Guarantor Subsidiary Issuer and Guarantor - SEP Subsidiary Issuer and Guarantor - EEP Subsidiary Non-Guarantors Consolidating and elimination adjustments Consolidated - Enbridge (millions of Canadian dollars) Assets Current assets Cash and cash equivalents — 16 — 502 — 518 Restricted cash 9 — — 110 — 119 Accounts receivable and other 283 15 8 6,211 — 6,517 Accounts receivable from affiliates 726 — 13 (142 ) (518 ) 79 Short-term loans receivable from affiliates 3,943 — 3,689 653 (8,285 ) — Inventory — — — 1,339 — 1,339 4,961 31 3,710 8,673 (8,803 ) 8,572 Property, plant and equipment, net 140 — — 94,400 — 94,540 Long-term loans receivable from affiliates 10,318 73 2,539 1,344 (14,274 ) — Investments in subsidiaries 78,474 19,777 6,363 15,567 (120,181 ) — Long-term investments 4,561 987 — 14,841 (3,682 ) 16,707 Restricted long-term investments — — — 323 — 323 Deferred amounts and other assets 1,700 9 17 8,558 (1,726 ) 8,558 Intangible assets, net 234 — — 2,138 — 2,372 Goodwill — — — 34,459 — 34,459 Deferred income taxes 817 — — 229 328 1,374 Total assets 101,205 20,877 12,629 180,532 (148,338 ) 166,905 Liabilities and equity Current liabilities Short-term borrowings — — — 1,024 — 1,024 Accounts payable and other 2,742 7 34 7,059 (6 ) 9,836 Accounts payable to affiliates 946 233 56 (677 ) (518 ) 40 Interest payable 283 56 105 225 — 669 Short-term loans payable to affiliates 426 682 — 7,177 (8,285 ) — Environmental liabilities, current — — — 27 — 27 Current portion of long-term debt 1,853 — 683 723 — 3,259 6,250 978 878 15,558 (8,809 ) 14,855 Long-term debt 22,893 7,276 6,943 23,215 — 60,327 Other long-term liabilities 2,428 2 30 8,100 (1,726 ) 8,834 Long-term loans payable to affiliates 76 — 1,502 12,696 (14,274 ) — Deferred income taxes — 331 — 13,523 (4,400 ) 9,454 31,647 8,587 9,353 73,092 (29,209 ) 93,470 Equity Controlling interests 1 69,558 12,290 3,276 107,440 (123,094 ) 69,470 Noncontrolling interests — — — — 3,965 3,965 69,558 12,290 3,276 107,440 (119,129 ) 73,435 Total liabilities and equity 101,205 20,877 12,629 180,532 (148,338 ) 166,905 1 Equity attributable to controlling interests for parent issuer and guarantor excludes reciprocal shareholding balance included within consolidating and elimination adjustments. Condensed Consolidating Statements of Cash Flows for the year ended December 31, 2019 Parent Issuer and Guarantor Subsidiary Issuer and Guarantor - SEP Subsidiary Issuer and Guarantor - EEP Subsidiary Non-Guarantors Consolidating and elimination adjustments Consolidated - Enbridge (millions of Canadian dollars) Net cash provided by operating activities 2,246 1,676 (365 ) 9,675 (3,834 ) 9,398 Investing activities Capital expenditures (75 ) — — (5,417 ) — (5,492 ) Long-term investments and restricted long-term investments (26 ) (11 ) — (1,122 ) — (1,159 ) Distributions from equity investments in excess of cumulative earnings — 24 1,196 393 (1,196 ) 417 Additions to intangible assets (68 ) — — (132 ) — (200 ) Affiliate loans, net — — — (314 ) — (314 ) Proceeds from disposition — — — 2,110 — 2,110 Contributions to subsidiaries (4,759 ) — (12 ) — 4,771 — Return of share capital from subsidiary companies 5,281 — — — (5,281 ) — Advances to affiliates (50,897 ) — (2,778 ) (60,787 ) 114,462 — Repayment of advances to affiliates 15,808 — 2,357 22,136 (40,301 ) — Other — — — (20 ) — (20 ) Net cash (used in)/provided by investing activities (34,736 ) 13 763 (43,153 ) 72,455 (4,658 ) Financing activities Net change in short-term borrowings — — — (127 ) — (127 ) Net change in commercial paper and credit facility draws 3,158 (2,011 ) (1,017 ) 695 — 825 Debenture and term note issues, net of issue costs 3,621 — — 2,555 — 6,176 Debenture and term note repayments (1,450 ) — (2,514 ) (704 ) — (4,668 ) Contributions from noncontrolling interests — — — — 12 12 Distributions to noncontrolling interests — — — — (254 ) (254 ) Contributions from redeemable noncontrolling interests — — — — — — Distributions to redeemable noncontrolling interests — — — — — — Contributions from parents — — — 4,771 (4,771 ) — Distributions to parents — (1,014 ) (651 ) (8,888 ) 10,553 — Redemption of preferred shares — — — (300 ) — (300 ) Common shares issued 18 — — — — 18 Preference share dividends (383 ) — — — — (383 ) Common share dividends (5,973 ) — — — — (5,973 ) Advances from affiliates 46,860 5,678 8,249 53,675 (114,462 ) — Repayment of advances from affiliates (13,361 ) (4,321 ) (4,454 ) (18,165 ) 40,301 — Other — (4 ) (7 ) (60 ) — (71 ) Net cash provided by/(used in) financing activities 32,490 (1,672 ) (394 ) 33,452 (68,621 ) (4,745 ) Effect of translation of foreign denominated cash and cash equivalents and restricted cash — — — 44 — 44 Net increase/(decrease) in cash and cash equivalents and restricted cash — 17 4 18 — 39 Cash and cash equivalents and restricted cash at beginning of year 9 16 — 612 — 637 Cash and cash equivalents and restricted cash at end of year 9 33 4 630 — 676 Condensed Consolidating Statements of Cash Flows for the year ended December 31, 2018 Parent Issuer and Guarantor Subsidiary Issuer and Guarantor - SEP Subsidiary Issuer and Guarantor - EEP Subsidiary Non-Guarantors Consolidating and elimination adjustments Consolidated - Enbridge (millions of Canadian dollars) Net cash provided by/(used in) operating activities 1,696 1,751 (239 ) 11,683 (4,389 ) 10,502 Investing activities Capital expenditures (28 ) — — (6,778 ) — (6,806 ) Long-term investments and restricted long-term investments (81 ) (12 ) — (1,297 ) 78 (1,312 ) Distributions from equity investments in excess of cumulative earnings 287 45 982 1,232 (1,269 ) 1,277 Additions to intangible assets (43 ) — — (497 ) — (540 ) Proceeds from dispositions 1,790 — — 2,662 — 4,452 Contributions to subsidiaries (8,131 ) (79 ) (13 ) (1,655 ) 9,878 — Return of share capital from subsidiaries 3,753 — — — (3,753 ) — Advances to affiliates (6,863 ) — (1,703 ) (5,685 ) 14,251 — Repayment of advances to affiliates 9,427 518 1,504 4,124 (15,573 ) — Affiliate loans, net (76 ) (76 ) Other — — — (12 ) — (12 ) Net cash provided by/(used in) investing activities 111 472 770 (7,982 ) 3,612 (3,017 ) Financing activities Net change in short-term borrowings — — — (420 ) — (420 ) Net change in commercial paper and credit facility draws (734 ) (962 ) (1,009 ) 449 — (2,256 ) Debenture and term note issues, net of issue costs 2,554 — — 983 — 3,537 Debenture and term note repayments — (648 ) (509 ) (3,288 ) — (4,445 ) Sale of noncontrolling interests in subsidiaries — — — — 1,289 1,289 Contributions from noncontrolling interests — — — — 24 24 Distributions to noncontrolling interests — — — — (857 ) (857 ) Contributions from redeemable noncontrolling interests — — — — 70 70 Distributions to redeemable noncontrolling interests — — — — (325 ) (325 ) Contributions from parents — — 1,007 8,223 (9,230 ) — Distributions to parents — (1,902 ) (666 ) (6,564 ) 9,132 — Sponsored Vehicle buy-in cash payment (64 ) — — — — (64 ) Redemption of preferred shares — — — (210 ) — (210 ) Common shares issued 21 648 — — (648 ) 21 Preference share dividends (364 ) — — — — (364 ) Common share dividends (3,480 ) — — — — (3,480 ) Advances from affiliates 710 1,474 3,501 8,566 (14,251 ) — Repayment of advances from affiliates (443 ) (826 ) (2,855 ) (11,449 ) 15,573 — Other — (5 ) — (18 ) — (23 ) Net cash (used in)/provided by financing activities (1,800 ) (2,221 ) (531 ) (3,728 ) 777 (7,503 ) Effect of translation of foreign denominated cash and cash equivalents and restricted cash — — — 68 — 68 Net increase in cash and cash equivalents and restricted cash 7 2 — 41 — 50 Cash and cash equivalents and restricted cash at beginning of year 2 14 — 571 — 587 Cash and cash equivalents and restricted cash at end of year 9 16 — 612 — 637 Condensed Consolidating Statements of Cash Flows for the year ended December 31, 2017 Parent Issuer and Guarantor Subsidiary Issuer and Guarantor - SEP Subsidiary Issuer and Guarantor - EEP Subsidiary Non-Guarantors Consolidating and elimination adjustments Consolidated - Enbridge (millions of Canadian dollars) Net cash (used in)/provided by operating activities 620 355 (695 ) 9,654 (3,276 ) 6,658 Investing activities Capital expenditures (21 ) — — (8,266 ) — (8,287 ) Long-term investments and restricted long-term investments (202 ) (51 ) — (3,535 ) 202 (3,586 ) Distributions from equity investments in excess of cumulative earnings 36 22 921 103 (957 ) 125 Additions to intangible assets (47 ) — — (742 ) — (789 ) Cash acquired in Merger Transaction — — — 682 — 682 Proceeds from dispositions — — 1,742 1,103 (2,217 ) 628 Contributions to subsidiaries (4,866 ) — (2,056 ) — 6,922 — Return of share capital from subsidiaries 2,192 — 1,532 — (3,724 ) — Advances to affiliates (7,145 ) (519 ) (1,410 ) (3,020 ) 12,094 — Repayment of advances to affiliates 4,506 — 2,129 2,887 (9,522 ) — Affiliate loans, net — — — (22 ) — (22 ) Other — — — 212 — 212 Net cash (used in)/provided by investing activities (5,547 ) (548 ) 2,858 (10,598 ) 2,798 (11,037 ) Financing activities Net change in short-term borrowings — — — 721 — 721 Net change in commercial paper and credit facility draws (1,845 ) 1,965 (316 ) (1,053 ) — (1,249 ) Debenture and term note issues, net of issue costs 8,177 519 — 787 — 9,483 Debenture and term note repayments (1,711 ) (533 ) — (2,810 ) — (5,054 ) Purchase of interest in consolidated subsidiary — — (475 ) (1,969 ) 2,217 (227 ) Contributions from noncontrolling interests — — — — 832 832 Distributions to noncontrolling interests — — — — (919 ) (919 ) Contributions from redeemable noncontrolling interests 563 — — — 615 1,178 Distributions to redeemable noncontrolling interests — — — — (247 ) (247 ) Contributions from parents — — — 6,922 (6,922 ) — Distributions to parents — (1,987 ) (789 ) (6,093 ) 8,869 — Preference shares issued 489 — — — — 489 Redemption of preferred shares — — (1,613 ) 1,613 — — Common shares issued 1,549 227 1,646 — (1,873 ) 1,549 Preference share dividends (330 ) — (478 ) — 478 (330 ) Common share dividends 1 (2,336 ) — — (414 ) — (2,750 ) Advances from affiliates 407 — 2,613 9,074 (12,094 ) — Repayment of advances from affiliates (40 ) — (2,847 ) (6,635 ) 9,522 — Net cash provided by/(used in) financing activities 4,923 191 (2,259 ) 143 478 3,476 Effect of translation of foreign denominated cash and cash equivalents and restricted cash — — (2 ) (70 ) — (72 ) Net decrease in cash and cash equivalents and restricted cash (4 ) (2 ) (98 ) (871 ) — (975 ) Cash and cash equivalents and restricted cash at beginning of year 6 16 98 1,442 — 1,562 Cash and cash equivalents and restricted cash at end of year 2 14 — 571 — 587 1 Common share dividends for the year ended December 31, 2017 includes amounts distributed by Spectra Energy Corp. related to dividends accrued prior to the Merger Transaction. |